---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38753222.md"
description: "Many people describe tokens as the utility business (water, electricity, gas) of the AI era. Actually, I think tokens are far bigger than utilities. They are essentially the first true commodity in the internet industry, and cross-border trade currently isn't taxed. In the short term, it's a business of models and inference computing cards; in the long term, it's arbitrage on electricity costs and bandwidth. Does this story sound familiar to everyone? Yes, this is the story crypto once told."
datetime: "2026-02-16T23:37:18.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38753222.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38753222.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38753222.md)
author: "[郭宇](https://longbridge.com/en/profiles/2738.md)"
---

# Many people describe tokens as the utility busines…


## Comments (18)

- **Angelabb · 2026-07-13T23:54:13.000Z**: Are you still there?
- **新用户_KXhRSX · 2026-06-15T02:36:39.000Z**: Top
- **Angelabb · 2026-06-05T21:46:39.000Z**: Are you single?
- **Steven 周 · 2026-02-20T11:48:01.000Z**: Mr. Guo, Happy New Year.
- **磁胆怪客 · 2026-02-17T12:02:17.000Z**: Wishing you great fortune in the Year of the Horse and smooth sailing in your investments.
- **X6PMCe · 2026-02-17T08:03:08.000Z**: Mining stocks have risen a lot in the past two years, and this was Mr. Guo's view two years ago.
  - **X6PMCe** (2026-02-17T08:03:57.000Z): People who can see through the essence of things at a glance and those who can't figure it out even after a lifetime of thinking are destined to have completely different fates!
- **Sytrakl · 2026-02-17T07:24:54.000Z · 👍 1**: Crypto can't be used for anything other than trading.
- **mindthink capital · 2026-02-17T05:03:22.000Z**: token 经济学
- **沉迷美股的老韭菜 · 2026-02-17T04:53:07.000Z**: Happy New Year
- **忘了我是谁2024 · 2026-02-17T04:48:19.000Z**: Happy New Year, and may the Year of the Horse bring you good fortune.
- **小桥流水人家 · 2026-02-17T03:54:57.000Z**: So, has the crypto bull market arrived yet?
- **帅帅的tb · 2026-02-17T01:27:25.000Z**: Can crypto solve everything for me?
- **阿呜啊呜 · 2026-02-17T00:27:03.000Z**: crypto 更像「数字黄金」token 更像「数字电力」
  - **长驰** (2026-02-17T10:00:43.000Z): Cryptocurrency is garbage, a waste of computing power.
  - **新用户_ZFXH7C** (2026-02-26T09:09:51.000Z): LOL
- **老鱼 · 2026-02-16T23:54:33.000Z**: Happy New Year!
- **罗莱夏朵 · 2026-02-16T23:40:26.000Z**: Happy New Year, Brother Yu!